In the year-ago quarter, Disney reported adjusted earnings of $1.07 per share on revenue of $12.78 billion.

Shares of Disney rose 2 percent in after-hours trade.

The company saw strength in its studio business where quarterly revenue grew 50 percent year over year. Disney said the growth was driven by "exceptional performance" of "Black Panther," "Star Wars: The Last Jedi," "Avengers: Infinity War" and "Incredibles 2."

Here's what each business unit reported in revenue compared with what analysts expected, according to StreetAccount consensus estimates:

For the full year, Disney reported adjusted earnings of $7.08 per share on $59.43 billion in revenue. The Street had projected earnings of $6.94 per share on $58.87 billion in revenue, according to Refinitiv consensus estimates.

Disney's earnings come as investors continue to seek more information on the company's long-term vision for its various streaming investments as well as how it plans to integrate assets recently acquired from Twenty-First Century Fox.

In an interview with CNBC's Julia Boorstin, Iger said that Disney is "investing substantially in original content." While he said it was "premature" to say whether Disney would pursue acquiring the 40 percent of Hulu it does not own, Iger said Disney would certainly be interested if Comcast or Warner Media wanted to divest their stakes.

In a Thursday earnings call, Iger said that Disney sees an opportunity to increase investment in Hulu, particularly in its programming. He said the acquisition of Fox assets gives Disney rights to valuable intellectual property as well as a greater pool of talent, particularly in television.

"We aim to use the television production capabilities of the combined company to fuel Hulu with a lot more original programming, original programming that we feel will enable Hulu to compete even more aggressively in the marketplace," Iger said.

Hulu already has an advantage when it comes to demographics, Iger said. When you compare the demographics on Hulu with that of viewers of the same shows on traditional network television, Iger claimed that Hulu's audience can sometimes be 20 years younger.

"That's clearly attractive to advertisers, which I think has been somewhat underappreciated about Hulu in that it is a very strong play for advertisers because it can offer targeted ads and it has great demos and it's just a great user experience," he said.

Disney has been experimenting with over-the-top video offerings, as it works to adjust to changing consumer behavior. In April, Disney launched ESPN+ and surprised analysts by notching more than 1 million paid subscribers in just five months.